News stories about TCF Financial (NYSE:TCF) have trended somewhat positive recently, according to Accern. The research firm scores the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. TCF Financial earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 45.9164131128083 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern’s analysis:
Shares of TCF Financial (NYSE:TCF) traded up $0.18 during midday trading on Friday, reaching $22.25. 1,077,249 shares of the company traded hands, compared to its average volume of 1,581,117. The company has a market capitalization of $3,819.64, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 1.59 and a beta of 1.21. TCF Financial has a 12 month low of $14.58 and a 12 month high of $22.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 1.03.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a $0.15 dividend. This is a positive change from TCF Financial’s previous quarterly dividend of $0.08. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Wednesday, February 14th. TCF Financial’s dividend payout ratio is presently 41.67%.
Several analysts recently issued reports on the stock. ValuEngine upgraded shares of TCF Financial from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Wells Fargo & Co lowered shares of TCF Financial from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. lowered shares of TCF Financial from a “neutral” rating to an “underweight” rating and set a $22.00 target price for the company. in a research report on Wednesday, January 31st. Royal Bank of Canada restated a “buy” rating and set a $25.00 target price on shares of TCF Financial in a research report on Wednesday, January 31st. Finally, Barclays lowered shares of TCF Financial from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $23.00 to $22.00 in a research report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. TCF Financial has an average rating of “Hold” and an average price target of $21.58.
In other TCF Financial news, Director Peter Bell sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $20.53, for a total value of $307,950.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.50% of the company’s stock.
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About TCF Financial
TCF Financial Corporation (TCF) is a bank holding company. The Company’s principal subsidiary is TCF National Bank (TCF Bank). The Company operates in three segments: Consumer Banking, Wholesale Banking and Enterprise Services. Consumer Banking comprises all of the Company’s consumer-facing businesses.
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